New Delhi, June 18 -- The Indian rupee is expected to trade in the range of 85.25 to 86.25 against the US dollar in the near term, according to a report by Bank of Baroda.

The report also warned that there are risks to the rupee's stability due to rising geopolitical tensions and possible changes in US tariffs.

It stated, "We expect INR to trade in the range of 85.25-86.25/USD in the near-term. Risks remain from a significant escalation in geo-political tensions".

The report highlighted that the rupee has depreciated by 0.6 per cent in June 2025 so far, adding to a 1.3 per cent decline in May 2025. Much of the pressure on the rupee came in the second week of June, especially after reports of a conflict between Israel and Iran.

Before ...